Steel Trust Upheld by Supreme Court
The Supreme Court upholds the Steel Corporation as a lawful combination, rejecting dissolution and ruling that mere size does not violate the Sherman law. The majority endorses new public-interest guidance, while a dissent argues the act was violated from the start and should be dissolved.
MENTIONED IN THIS ARTICLE
Standard Oil and Tobacco
Steel Corporation
Ecomnos
KE. H. Gary
The
Charles M. Schwab
John
New Jersey
Supreme Court
High Court
Corporation
Department of Justice
Palmer
Department
Steel
Court of Equity
Justice Day
Congress
Gary Says Supreme Court Dissolution of U S Steel Would Be Calamity
Elbert H. Gary, chairman of United States Steel, called a Supreme Court dissolution of the company a calamity. He argued the decision would hinder industrial progress and prosperity and boost public confidence in property values and business opportunities. He stressed adherence to Sherman law and public-interest duties.
MENTIONED IN THIS ARTICLE
New York
United States Supreme Court
United States Steel Corporation
Elbert H. Gary
Fireu
Bond Market Fluctuations Highlight Coastal and City Issuers
The market report lists various bonds and issuers including New York Central 4s 1934, Pennsylvania M & St P issues, U S Steel 5s, Southern Ry 4s, and L&N Unified 4s with mixed quotes and yield levels. It notes closing sales and ETF references amid broad sector activity and regional postings.
MENTIONED IN THIS ARTICLE
C&e Illgal
Elias
M & St
Cannes Pees
OMIM
Niwa
Wwe City of
Copen Wren
Seeoee
FPO J. Brescose
Southern Ry
Memphis div
le & Arkan
Fiore
Southern UN Bi
US Realty & i
L& N
Pacific Ae
U S Steel
Wilson
Money Market Rates Snapshot
Outside brokers quote 8 percent for quick calls and loans. Customer brokers offer 8 percent. Commercial loans run 6 to 7 percent, as does commercial paper. Individual customer collateral also cited at 6 to 7 percent.
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Arizona Tip Top
Bankers
State St
Boston
Fort Hill
P. S
Pennsylvania
International Oil Investor
Richmond
Mass
Makeover Bros
Washington St
Boston, Mass
Boston Candy Fac
Boston Post
Charles E.van Riper
Consolidated Stock Exchange
Arizona
R. A. Hatch Company
Milk Street
Hampton Oil Corporation
Texas
Louisiana
New Mexico
Oklahoma
Burkburnett
Homer
Wade E. Hampton
Exchange National Bank
Shreveport
Hampton
OIL Corporation
Texas Street
Shreveport, Louisiana
Steel Trust
Eureka Hee
First National
Gulfpor
Lanford Ebissts Il
Mattan
Nixon
Saris Ee
Okla Oil Reeettesaee
Pilgrim Bate Ee
Pe Metala
Silver Reef
Pete Teeeee
Universal
United Verde
Yukon
Gary
Jones & Baker Securitis
Devonshire S
Texas Oil
Brewster County
Tex-Okla
Fort Worth Securities Company
11Th and
OFM
Securities Exchange
Denver Consolidated Stock Exchange
Exchange St
Wiass
Alouette NO
Alouette Oil CO. Trust Transit
Mass. Ave
Lo M & St P
Terens
OCU
Cw &Maan
Ots
Nort & W cv
Nivn
Nour
Nort & W Pooah
Pacific
Eens St L& Si
Manhattan
Verde Pilgrim Ariz. Extension
TIP Top Universal Seven Meta Imperial Denbigh
HOMA
OIL Island Oil
Eureka-Croesus
Boston Montan
Rock Island
U. S. Steel
Bethlehem Baldwin
Boston & Maine
NEW Haven Studebaker Pierce Arrow
Utah Metals
Kerr Lake
Inpissing Davis Daly
Ventura Oil
SAN Call & A
Ees Post
Northway Motors Com
Northway Motors Ptd
Texcalacan Oil and Gas
Regal Shoe Ptd
Old Colony Woolen Mills
Com
G. F. Redmond & CO
State Street
Tel
Linotype
Capital Stock
Newsbox Sales Corporation
Old South
Philadelphia
Chicago
Baltimore
Washington
Consolidated Film Laboratories CO
America
Chester D. Coram
Amalgamated Silvers
Caer Howard, Lamb ‘& Co
Washington Street
Art
Bertram M. Wachtel & CO
Milk St
Boylston Stones
Back Bay
Springfield
Main St
Fortune
Portune
Leonard, Chandler & Copp, Inc
Kilby St. Newton
Telephone
James D. Crowley& Co
Detroit
Congress St
Cleveland
Hartford
Helena
Mont
Arizona Annex
Ford & Company
Cornhill
Haymar
Inc
Money Market
Liberty Bonds
L. Sherman Adams
Boston Stock Exchange
Base Oil Corporation
Broadway
N. Y
James A, Buid
Haymarket
Arthur Mr. Harvey
U.S
A. F. Dow & CO
State
Texcaloran
Oil and Gas
Ww N
Box 1850
Lawson and
van Riper
C. L. Hayden & CO